Finance

June 18, 2015Comments Off on Tata Starbucks says it’s pulling out rejected ingredients

The move comes six days after The Indian Express reported that products used by a number of top brands, including Tata Starbucks figured on a list of around 500 rejected products prepared by the national food safety regulator. TATA Starbucks announced on Monday that it was “suspending” the use of ingredients whose product approvals were rejected by the Food Safety ... Read More »

June 18, 2015Comments Off on The Federal Reserve moves towards a rate rise this year

The US Federal Reserve is moving towards an interest rate rise later this year. It would be the first increase since the rate was cut to near zero during the 2008 financial crisis. However, the bank said conditions in the labour market and inflation did not yet warrant an increase. In a press conference the Fed chair Janet Yellen said ... Read More »

June 18, 2015Comments Off on Greece debt deal still possible says Angela Merkel

German Chancellor Angela Merkel says she is “still convinced” that a Greek debt deal is possible. She said she thought Greece could reach an agreement with its creditors – the EU, the International Monetary Fund and the European Central Bank. Mrs Merkel also told the Bundestag that Germany was working hard to keep Greece in the euro, but said Athens ... Read More »

June 18, 2015Comments Off on Vasundhara Raje writes to PM to raise re-finance loan rate to 50%

In view of crop damage due to unseasonal rain in the state in the months of February and March this year, Rajasthan government has written to the prime minister for increasing the rate on refinance loan provided to farmers by NABARD from 40 to 50%. In a letter written early this week, Chief Minister Vasundhara Raje said the rate of ... Read More »

New Zealand posted a larger-than-expected current account surplus in the first quarter helped by increased tourism and lower oil prices. The current account surplus was $NZ662 million ($A596.34 million) in the three months ended March 31, according to Statistics New Zealand. The annual deficit was $NZ8.6 billion, or 3.6 per cent of gross domestic product, the highest in two years. ... Read More »

June 17, 2015Comments Off on Europe draws up Greek capital control plans as default is ‘all but a certainty’

21.20 Greece accuses Europe of plotting regime change as creditors draw up ultimatum That’s almost it from out live coverage tonight. A reminder of events as they played out: we started the morning with both the EU and Athens insisting they were waiting on the other side to break the deadlock over bail-out talks with pensions emerging as the sticky ... Read More »

June 16, 2015Comments Off on Wrong-Again Turkish Current-Account Data Add to Investor Risks

As if Turkey’s inconclusive election result and decelerating economic growth weren’t bad enough, investors must now grapple with misleading official data. Almost every time the central bank has reported the current-account deficit in the past two years, it’s increased the figure in the following months. The corrections mean the shortfall that sent bonds rallying earlier this year was probably understated ... Read More »

June 16, 2015Comments Off on Latest Economic Figures Show Worrying Trend In Exports, Current Account Deficit Stays Within Range

Latest economic figures bring mixed news, but show that exporters are facing a tough time. First, the good news. India’s trade deficit narrowed to a three-month low in May, helped by lower oil prices. The trade deficit is now $10.4 billion, its lowest since February. And now the bad news: India’s exports are down for a sixth straight month, ... Read More »

India’s current account deficit came in at a mere 0.2% of gross domestic product (GDP) for the March 2015 quarter. For 2014-15 as a whole, the current account deficit was a low 1.3% of GDP. But is this reduction in deficit really a good thing? From one point of view it is an unalloyed blessing, considering the free fall of ... Read More »

June 16, 2015Comments Off on How data can boost your ecommerce business

The Southeast Asia region is now witnessing a massive penetration of internet services. With over 648 million of citizens, 35% of increase in smartphone usage and up to 1.5% of e-commerce annual growth, online retailers, business start-ups and investors can start tapping into new market opportunities and finding ways to fulfilling the demand of the ever-increasing Asian online shoppers. On ... Read More »